Interview with Vikram Limaye, MD & CEO (National Stock Exchange)

OutlookIndia

NSE goes for a new logo and brand identity to grow on all fronts.  #NationalStockExchange #VikramLimaye #Money #OutlookMoney #OutlookMagazine #OutlookGroup

Transcript

00:00 We've done a lot for the development of markets in order to facilitate the growth of the Indian

00:21 economy.

00:22 We're going to continue down that path in terms of market development.

00:25 It is a new logo and a new brand identity because we believe that the next 25 years

00:33 the markets have evolved quite significantly.

00:35 We've done a lot over the last 25 years.

00:38 The next 25 years of market development will require collaboration, will require strategic

00:44 partnerships, will require a focus on new product innovation, on technology, all these

00:50 aspects.

00:51 So we thought it was a good thing to do.

00:53 It's always useful, it's been 25 years to do a brand refresh and try and position the

01:00 company in a particular way.

01:02 When I came on board, stakeholder relationships had to be set right and that was across the

01:08 board, whether it was with regulators, with government, with media, with clients, etc.

01:14 So we've worked on all those fronts and I do feel we've made a lot of progress on that.

01:19 There was a lot of focus on making sure that controls were tightened and strengthened so

01:26 that some of the issues that had arisen in the past don't happen going forward.

01:33 So there's been a lot that's been done on strengthening of controls.

01:36 There's a huge focus on investment in technology and we've announced some initiatives on that

01:43 front.

01:44 There is a lot that is going to be done in the next 12 months as well in terms of revamping

01:48 our clearing and settlement technology, our surveillance systems, etc.

01:52 So there's a large agenda on technology.

01:55 We're focused on making sure that the trust in markets is enhanced and therefore raising

02:02 the bar on governance is extremely important, whether it's for our trading members or even

02:07 for listed companies and corporates.

02:09 So there's a lot of work going on on that front.

02:12 Strategic partnerships is important.

02:15 We've announced one with NASDAQ.

02:18 There will be more that we will unfold not only in the exchange business but also in

02:22 our non-exchange businesses.

02:24 And overall the idea is to grow on all fronts.

02:29 Market development is important.

02:31 New markets are important.

02:32 We're getting into new segments such as commodities.

02:35 The bond and currency markets have a long way to go.

02:38 Equity penetration needs to be deepened.

02:40 Institutional participation in equities needs to be enhanced.

02:43 So it's a very large agenda and there's a lot to do on multiple fronts.

02:46 So that's what we've done over the last 12 months.

02:49 We will continue to focus on those things going forward as well.

02:52 as well.

02:52 [BLANK_AUDIO]

Transcript

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